SECTION 1. The provisions of existing laws to the contrary notwithstanding, all balances of the appropriations authorized under Items J-IV-2 and J-IV-14 of Republic Act Numbered Eighty, to wit:
"2. For salaries and wages of teachers and other employees, sundry expenses, including the purchase of text books and supplementary readers, and for the acquisition of furniture and equipment, in connection with the operation and maintenance of public elementary schools
P31,373,460.00"
"14. For expenses in connection with the organization and maintenance of additional elementary classes in the public schools throughout the Philippines
16,750,000.00"
remaining unexpended on June thirtieth, nineteen hundred and forty-seven, are hereby reappropriated and made available for the opening of new or additional elementary classes in the public schools throughout the Philippines during the school year nineteen hundred and forty-seven and nineteen hundred and forty-eight, including the purchase of textbooks and supplementary readers and the payment of the bonus of teachers, to be expended by the Secretary of Instruction in accordance with the provisions of section 7-1(4) of the Budget Act.